However, the reporter noted that due to the continuous loss of performance after listing, Yunfeng Financial's share price has been falling again and again, and it seems that Ma Yun's aura is gradually fading.
However, just last week, Yunfeng Finance made another big move, joining well-known investors such as Shi Yuzhu and Sina to acquire a high-quality insurance asset. As soon as this move came out, Yunfeng Financial's share price rose by 30% in intraday trading on August 18.
The transaction consideration is as high as 1, 3 1 100 million Hong Kong dollars.
/kloc-On the evening of August, 0/7, Yunfeng Finance announced that the company had signed a share purchase agreement with a number of other investors (Vantone International Mass Mutual International LLC, etc.) as buyers and sellers. ).
The Buyer acquired Vantone Insurance Asia Limited (hereinafter referred to as "Vantone Asia") with a total consideration of HK$ 65,438+0,365,438+0 billion. In the whole transaction, Yunfeng Finance paid the most consideration, reaching HK$ 7.86 billion, accounting for 60% of the total consideration.
In addition, many well-known investors are also following suit, such as Giant Network Company controlled by Shi Yuzhu, Sina, Ant Financial Company and Singapore Sovereign Fund. The major shareholders of Yunfeng Finance are Ma Yun and Yu Feng.
Yu Feng, Chairman of Yunfeng Finance, said, "The long-term vision of Yunfeng Finance is to use its financial technology capabilities to develop a financial service ecosystem covering information technology and online and offline platforms, and provide a wide range of financial services and products as well as high-quality expert consulting services. This transaction is a milestone for Yunfeng Finance to integrate existing financial technology services with traditional insurance business and become a large financial group. "
Roger Crandall, Chairman, President and CEO of Vantone USA, said: "This transaction represents an important step forward for Vantone USA and its policyholders, and provides us with a unique opportunity to make better use of the long-term success and value-added of Vantone Asia. At the same time, we will continue to use our equity interests in Yunfeng Finance and Vantone Asia to participate in the growing and attractive Asian market. After the transaction is completed, the company will become a full-service financial services company, providing various financial services to our customers, covering high-net-worth individuals and consumers with increasing incomes. "
Turn losses into profits through acquisition?
As early as 20 15, Ma Yun and his concerted actions entered the then Ruidong Group, which was later renamed Yunfeng Finance.
However, the reporter noted that after Ma Yun and Yu Feng entered Yunfeng Finance, the company's performance was not satisfactory. In 20 16, Yunfeng Finance only made a profit of HK$ 4,665,438+million, while the loss reached HK$ 3170,000. Last month, Yunfeng Finance issued a profit warning, saying that in the first half of this year, the loss attributable to equity holders of the company was initially estimated to exceed HK$ 230 million.
It should be noted that although Yunfeng Finance is still losing money, it said that as of June 30, the company's cash and bank deposits exceeded HK$ 3.5 billion.
The insurance business purchased by Yunfeng Finance can significantly increase the company's income and profits. Vantone Asia is an authorized insurance company, authorized to engage in life and annuity long-term insurance business, investment-linked long-term, permanent health and retirement plan management in and from Hong Kong. In 20 16, the premium and handling fee income of Vantone Asia reached HK$ 6.875 billion, and the after-tax profit was HK$165438+/kloc-0.90 million.
It is possible that the acquisition will turn a profit.